TAG Immobilien AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

TAG Immobilien AG 09.12.2011 14:00Dissemination of a Voting Rights Announcement, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Morgan Stanley, Wilmington, Delaware, USA, has informed us on 8th December2011 on its own behalf and on behalf of such further subsidiaries asmentioned below pursuant to Section 21 para 1 German Securities Trading Act(WpHG) that:1. MSREF V International Holdings Coöperatief U.A., Amsterdam, Netherlands,have fallen below the 3% threshold of the Voting Rights of TAG ImmobilienAG, Hamburg, Germany, on December 07, 2011 and on that day amounted to2.59% (this corresponds to 1,938,462 Voting Rights).2. Each of the following holding entities of MSREF V International HoldingsCoöperatief U.A.:i. Morgan Stanley , The Corporation Trust Company, Wilmington, Delaware,USA,ii. MSREF V, Inc. New York, USA,iii. MSREF V, LLC, New York, USA,iv. MSREF V, International - GP, LLC, New York, USA,v. Morgan Stanley Real Estate Fund V, International - TE, L.P., New York,USA,vi. Morgan Stanley Real Estate Fund V, International - T, L.P., New York,USA,vii. Morgan Stanley Real Estate Investors V, International, L.P., New York,USA,viii. Morgan Stanley Real Estate Fund V, Special International, L.P., NewYork, USA,have also fallen below the 3% threshold of the Voting Rights of TAGImmobilien AG, Hamburg, Germany on December 7, 2011 and on that dayamounted to 2.59% (this corresponds to 1,938,462 Voting Rights).According to Section 22, Para. 1, Sentence 1, No. 1 of the WpHG, 2.59% ofthe Voting Rights (this corresponds to 1,938,462 Voting Rights) is to beattributed to the companies.The chain of entities is represented as follows (starting at the highestlevel):i. Morgan Stanley, The Corporation Trust Company, Wilmington, Delaware,USA ii. MSREF V, Inc, New York USA, iii. MSREF V, LLC, New York, USA, iv. MSREF V International-GP, LLC, New York, USA, v-viii. Morgan Stanley Real Estate Fund V International-TE, L.P., New York,USA,Morgan Stanley Real Estate Fund V International-T, L.P., New York, USA, Morgan Stanley Real Estate Investors V International, L.P., New York, USA, Morgan Stanley Real Estate Fund V Special International, L.P., New York,USAix. MSREF V International Holdings Coöperatief U.A. Amsterdam, Netherlands.09.12.2011 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      TAG Immobilien AG              Steckelhörn 5              20457 Hamburg              GermanyInternet:     www.tag-ag.com End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------